Wheat

Winter Wheat Contracts Post Double Digit Gains

The wheat complex posted mostly higher trade on Thursday, with some spring wheat months an exception. Chicago SRW wheat was 7 to 9 cents higher on the Thursday session. KC HRW contracts were up 8 to 11 cents across most months at the close. MPLS spring wheat saw mixed trade on Thursday with September down 1 ¼ cents and contracts higher.

USDA’s Export Sales report from this morning showed 567,823 MT in 2025/26 sales, which was on the high end of the 200,000 to 600,000 MT. That was back down just 3.1% from the week prior but still more than double the same week last year. South Korea was the largest buyer of 90,000 MT, with 70,000 MT sold to Japan and 55,900 MT to Mexico. There was another 9,373 MT for 2026/27 sales.

World wheat stock for the end of 2025/26 are seen at 262.5 MMT according to a Bloomberg survey of analysts, which is slightly below the 262.8 MMT from last month.

Strategie Grain estimates the EU soft wheat crop at 130.7 MMT for 2025/26, which is unchanged from the month prior.

Jul 25 CBOT Wheat  closed at $5.50 1/4, up 7 1/2 cents,

Sep 25 CBOT Wheat  closed at $5.54 1/2, up 7 1/2 cents,

Jul 25 KCBT Wheat  closed at $5.14, up 8 1/2 cents,

Sep 25 KCBT Wheat  closed at $5.34 3/4, up 10 3/4 cents,

Jul 25 MGEX Wheat  closed at $6.23 2/9, up 1/11 cent,

Sep 25 MGEX Wheat  closed at $6.32 1/3, up 0 cent,

Related Articles

Back to top button